YouTube investors give site $8 million

By Justin Mann on April 7, 2006, 4:10 PM
While some may be losing faith in the Internet, the investors of YouTube are definitely not, and are pumping up YouTube to the tune of $8 Million, more than double what was invested late last year. The money is to be used for increasing capacity and beef up sales & marketing, though the “sales” part has me a bit curious.

"We are pushing the boundaries of the Internet in ways that are unparalleled. By accelerating the build-out of our data centers around the world, we are poised to continue to serve up billions of videos in the most scalable and cost-effective way," says Steve Chen, CTO and co-founder of YouTube.
This only means the investors have faith in YouTube, but some are skeptical and worried that it will turn into another money-grubbing pit that revolves around terms like “Gold” and “Platinum” Member.

User Comments: 4

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blue_dragon said:
i hope money keeps flowing in..but I HATE to pay for service
cyrax said:
gold means"ripping off". Platinum means "ripping off and laughing"
AeonXX said:
This is a bad sign for casual users, personally I'd never pay for something like that.
noncebuster said:
Would they be so willing to invest if they knew how many pedophiles were operating on Youtube targeting kids whilst Youtube twiddles its thumbs? Unlike Myspace Youtube thinks pedophilles will go away and it isn't their problem. It will be a problem when a child winds up dead because of their incompetence. When they are given information they choose to ignore it instead choosing to suspend someone working for child safety as he gets to close to the truth about why pedophiles are actively encouraged o Youtube
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